nVent lines up $600 million senior unsecured term loan to help fund Maverick Power deal

• nVent Electric entered a Loan Agreement for a USD 600 million senior unsecured term loan facility to help fund its USD 1.75 billion Maverick Power deal.
• Hoffman Schroff Holdings plans to draw the full USD 600 million; no borrowings were outstanding on Sept. 17, 2026.
• Facility matures three years from funding; pricing is base rate or term SOFR plus a margin tied to leverage or credit ratings.
• Amendment No. 2 to the existing credit agreement added limited conditionality to a USD 250 million revolver sublimit for the acquisition.
• Revolving credit, term credit, and other financing capacity under the amended credit agreement remains up to USD 875 million outstanding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. nVent Electric plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-108580), on September 17, 2026, and is solely responsible for the information contained therein.